Azerbaijan’s Oil Fund lowers share of medium-term investments

The State Oil Fund of Azerbaijan (SOFAZ) reduced medium-term investments in the second quarter of 2011 compared to the first quarter’s indicator.
The SOFAZ reports that as of 1 July the Fund’s investment portfolio exceeded $30.348 bn or 99.97% of assets (over $30.357 bn). The basis of the investment portfolio included finances in U.S. currency for $16.5 bn in European currency for 8.47 bn in euro, and British currency for 939 million pound sterling, Azerbaijani currency for $9.22 million……………………………………….Full Article: Source